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within the block and not the city of london. and white house and congress may need to call the auto club to jump-start budget talks which has stalled on discussions over taxes. plus singapore airlines confirms it is in talks to sell its 49% stake in virgin atlantic. reports suggest delta amongst the front runners. equities up in the month of november. ahead of the u.s. open, up by a quarter percent for the ftse. quarter for the ibex, as well. by and large the pmi numbers have been slightly better than expected. the revision on the eurozone pmi aunt wasn't on the headline composite number, but new orders were a little bit better. still a long way away from the 6% mark. gilt yields steady. manufacturing pmi better than expected. euro-dollar hit a six week high. dollar kren moyen moving away f 7 1/2 peak. talking about the uk, george osbourne says there's no turning back on austerity just days ahead of his annual statement. he continues to resist opposition calls warning that lack of budget discipline would have serious consequences for the british economy. >> going back on our commitment t
a government motorcade was driving through. this happens all the time in chinese cities and it's not just for the very top officials. this last one, newspapers in china often have the faces of leaders on the front, no matter how mundane the story. the latest reforms want more real content. all of these reforms, they have a common objective. she wants the government to regain the public's trust. back to you. >> the new leadership also set some key economic priorities, which had a big impact throughout asia today. sixuan has the details. hi, sixuan. >> hi, thanks, ross. some call it a shanghai surprise. mainland markets staged a strong rebound. this called for economic stability by boosting domestic demand, keeping property curbs. the shanghai composite jumped nearly 3%. the ipo pipeline may be on hold. financials, commodities and infrastructure are among the top gainers today as investors take advantage of cheap valuations. the hang seng followed suit and declined to a 16-month high. insurance surged 5% after hsbc explored a stake group. the nikkei closed at a seven-month high. shares gain
. >> daniel, thanks very much for joining us. a couple story here. if you're looking for the city with the best quality of living in the world, then head to vienna. this according to consulting group mercer just published its quality of life survey. zurich number two. baghdad ranked last over concerns over security and political instability. and it is official, a new royal highness is on the way. after week of speculation, the duke and duchess have confirmed they are expecting their first child. the duchess thought to be under 12 weeks pregnant is being treated in a central london hospital for severe morning sickness. book makers have been inundated with bets. and more from twitter, as well. last night the pope announced he'll be using a micro blog to he spread his message. the pontiff says he'll defeat in eight languages. the english language version of it is @pontifex. there you go. will you be following the pope? what is the top news maker? e-mail or tweet us. we'll take a short break. still to come, we'll be back in brussels. finance ministers start debating proposals for a ba
more than 1%. the dax adding 0.8%. and we just got german unemployment figures. plus the foot city 100 up 0.8% this morning. so pretty much a strong session across the board. again, following what we saw in the u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another sessi
of thousands of egyptians have poured into tahrir square and cities all across egypt demanding that president mohamed morsi rescind his decision that granted him sweeping powers. they say it is reminiscent of the mubarak era, sending this country back to dictatorship. for the past five days, police have clashed with protesters, firing tear gas and beating them at times. more importantly, they are demanding that egypt's new constitution is one that reflects the diversity of egypt, not the sole control of the muslim brotherhood. many of the people here are angered by what they say is the attempt by the muslim brotherhood and the president mohamed morsi to take control of the country and ram pole their agenda at the expense of secular forces like those that have gathered behind my. >> neil sheering still with us. investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's a bit of a wake-up call to the post-revolution transition in the egypt's economy is never going to be easy. the imf deal that was announced last week, should be agr
Search Results 0 to 4 of about 5